Budgeting does not need to be complicated.

The 50/30/20 rule is one of the easiest ways to manage your money.

• 50% of your income goes to needs
• 30% goes to wants
• 20% goes to savings and investing

Example: If you make $3,000 per month:

• $1,500 for needs
• $900 for wants
• $600 for savings

Needs include:

• Rent
• Utilities
• Groceries
• Transportation

Wants include:

• Eating out
• Streaming services
• Shopping

The final 20% should go toward:

• Emergency fund
• Retirement investing
• Paying extra debt

The reason this budget works is because it is simple enough to follow consistently.